jib

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Commented on Why I want Bitcoin to die in a fire
True but... Consider this. Why are the Anglos (English, Irish, Scots) the most racists of ethnic groups in the USA? The Scotch-Irish (basically protestant Irish immigrants) were among the most vehemently pro-slavery ethnic group in America and post-civil war, the...
Commented on Why I want Bitcoin to die in a fire
I think selling miners is a very good way to max profits in the whole BitCoin scheme. It is the Next Gen that is (always) worth the most. The next BitCoin is by design much easy to find than BitCoin+1....
Commented on The regular holy war ...
IMO moving to Linux says, "I really enjoy messing about with my computer as a hobby." I dont think that is true with Linux anymore, at least not for me. I have been using it professionally for several years. I...
Commented on The regular holy war ...
I actually was able to buy a Dell Inspiron with Ubuntu installed from Dell's website several years ago and it has ran all the latest versions of Ubuntu flawlessly since. I program for a living but I am not one...
Commented on Who ordered *that*?
The US simply can't afford to "uphold its rank and role among nations" anymore. This is simply not true. US fed govt expenditures are running approx 25% of GDP, way below where most advance economies. Defense spending is running at...
Commented on Crib Sheet: 419/Rule 34
You see the libertarian/ goldbug clearly in the fact that Bitcoin is designed for deflation and even hyper deflation. A true pure currency would never change in value. Its a currency designed by people who think only inflation is a...
Commented on A Bad Dream
Well a lot of it they are doing nothing with. They are currently storing everything encrypted on the hope that some day they will be able to decrypt it. Crazy but that is what bureaucrats with large budgets do. They...
Commented on A Bad Dream
@Neol - 16, Then how do you explain Wall Street? Why no prosecutions, why no one, left or right tried to break up the banks? In the US, we fight over social issues but there is a clear ruling party...
Commented on Danger, Will Robinson! Danger!
A great writer should write honestly, and let the reader determine the right or wrong of a character's actions through the prism of the story. I completely agree. However very few writers are great. By definition most are average. Even...
Commented on Danger, Will Robinson! Danger!
I think the darker the subject matter, the better morally your lead characters need to be. You have to show that you as the author disapprove of this world you have created. Complicated characters that do evil but still love...

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Trottelreiner commented on Why I want Bitcoin to die in a fire
The problem with alternative energy sources might be you are still USING energy, which could be used for different products, e.g.making aluminium. Which means you have to substitute, maybe with coal or like......
paws4thot commented on Why I want Bitcoin to die in a fire
Actually, you've just described the biggest problem with Bitcoin, and it's not energy usage. It's the fact that enthusiasts think that their currency is abstract and conventional currency isn't! I first came across the concept of paper money (off $rare-thing standard) being an abstraction in Heinlein (I think probably "Time Enough for Love", but it must be at least 20 years since I last read any of his books other than "Starship Troopers")....
Nestor commented on Why I want Bitcoin to die in a fire
there are people out there with actual paper money in their actual wallets who never and will never ever have access to a cellphone much less a computer, Africans in places where there is little infrastructure have been using cell phone minutes as currency for years now, actually. http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/ Note the date of the article....
https://www.google.com/accounts/o8/id?id=AItOawnJkkAoyX6Mcunm2Q0rwoASDd95dCyLDNE commented on Why I want Bitcoin to die in a fire
You are totally correct to identify Bitcoin's weaknesses. I noted a few myself: http://alfidicapitalblog.blogspot.com/2013/12/the-serious-disadvantages-of-bitcoin.html It's too bad the Libertarian die-hards won't listen to rational arguments. Experimentation is always welcome in finance but crypto-currencies are going to fail when huge blockchains start crashing their transaction processing systems. Oh BTW, Bitcoin and HYIP frauds are now preying on each other: http://alfidicapitalblog.blogspot.com/2014/01/the-intersection-of-hyip-and-bitcoin.html That is the ultimate in hilarity....
majors.bruce commented on Why I want Bitcoin to die in a fire
If readers would really like to know about bit coin, law and economics scholar Jerry Brito of George Mason University has written on it. Bit coin volatility is due to the small number of venues using it, and its uncertain legal status. As more vendors accept it and its legality becomes clearer, it becomes less volatile. The idea that bit coin is deflationary in any significant sense is based in the author's assumption that it is the only currency in use in an economy, like a government monopoly currency. But it is only one of many crypto currencies and it...

Responses to Comments from jib

Common Misconceptions About Publishing—a series of essays about the industry I work in.
How I Got Here In The End —my non-writing autobiography, or what I did before becoming a full-time writer.
Unwirer—an experiment in weblog mediated collaborative fiction.
Shaping the Future—a talk I gave on the social implications of Moore's Law.
Japan: first impressions — or, what I did on my holidays
Inside the MIT Media Lab—what it’s like to spend a day wandering around the Media Lab.
The High Frontier, Redux — space colonization: feasible or futile?
“Nothing like this will be built again”—inside a nuclear reactor complex.
Old blog—2003-2006 (RIP)

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